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  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
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  "presentationDate": "2023-06-01 00:00:00",
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  "notes": "The slide highlights two primary valuation methods: market-comparable/historical cash flow and DCF.",
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      "text": "Discounted cash flow (DCF) approach: Weighted average cost of capital (WACC) – significant component of DCF approach is significantly impacted by industry and overall market factors. These WACC components are obtained from third party sources and can fluctuate significantly from quarter to quarter, thereby impacting MAIN’s valuations",
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      "text": "Market-comparable/historical cash flow approach: Based on actual MAIN entry transaction multiples, as adjusted over time for overall market and specific company changes. MAIN EBITDA valuation multiples compare favorably to industry and market valuations:",
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      "text": "MAIN valuation approach and key inputs",
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      "text": "(1) As of March 31, 2023 (2) As published in the most recent Form 10-K or Form 10-Q filed by each BDC as of May 19, 2023 (3) Source: Lincoln International Valuations & Opinions Group Private Market Perspectives dated May 2023",
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      "text": "EBITDA Multiple: MAIN Weighted Average 6.8x, MAIN Median 6.2x, Other BDC's 10.1x, Industry 10.7x",
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      "text": "Conservative Historical Nature of MAIN’s Valuations for Equity Investments",
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